Star Videos, Incorporated, produces short musical videos for sale to retail outlets. The company's balance sheet accounts as of Jonuory $1$ are given below.

Becouse the videos differ in length and in complexity of production, the compony uses a job$-$order costing system to determine the cost of each video produced. Studio $($manufacturing$)$ overhead is charged to videos on the bosis of camers$-$hours of activity. The compsny's predetermined overhesd rste for the yesr $($ $$40$ per comers$-$hour$)$ is bssed on a cost formuls thst estimsted $$280,000$ in manufacturing overhead for on estimated allocation base of $7,000$ camera$-$hours. Any underapplied or overapplied overhead is closed to cost of goods sold. The following transections were recorded for the year:

a$.$ Film, costumes, and similar rew materisls purchssed on account, $$183,000.$

b$.$ Film, costumes, and other raw materials issued to production, $$226,000(85\%$ of this material was considered direct to the videos in production, and the other $15\%$ was considered indirect$).$

c$.$ Utility costs incurred $($on account$)$ in the production studio, $$84,000.$

d$.$ Deprecistion recorded on the studio, comeras, and other equipment, $$102,800.$ Three$-$fourths of this deprecistion related to sctusl production of the videos, and the remainder related to equipment used in morketing and administration.

e$.$ Aovertising expense incurred $($on sccount$),$ $$150,500.$

f$.$ Salaries and wages paid in cash os follows:

Direct laber $($actors and directors$)$

Indirect labor $($carpenters to build sets, costune $$95,280$

designers, and so forth$)$

Adninistrative salaries

$9.$ Prepaid insurance expired during the year, $$7,250(70\%$ related to production of videos, and $30\%$ related to marketing and administrative activities$).$

h$.$ Miscellsneous marketing and odministrative expenses incurred $($on account$),$ $$13,950,$

i$.$ Studio $($manufacturing$)$ overhesd was applied to videos in production. The company recorded $7,250$ camers$-$hours of activity during the year.

j$.$ Videos that cost $$572,000$ to produce sccording to their job cost sheets were transferred to the finished videos warehouse to swait sale and shipment.

k$.$ Sales for the year totaled $$1,032,000$ and were all on account.

L$.$ The total cost to produce the videos that were sold according to their job cost sheets was $$617,490.$

$m.$ Collections from customers during the year totaled $$982,000.$

n$.$ Payments to suppliers on account during the year, $$571,000.$

a$.$ Undersplied or overopplied overhesd $ $\_.-$

Required:

Prepare o tronsoction analysis that records ofl of the sbove transactions.

Prepare a schedule of cost of goods manufactured for the year.

Prepore s schedule of cost of goods sold for the yeor.

$4$ Prense nn inrome atetement for the venr

$\backslash$table$[[$Required $1,$Required $2,$Required $3,$Required $4]]$

Prepare a schedule of cost of goods manufactured for the year.

$\backslash$table$[[$Star Videos, Incorporated$],[$Schedule of Cost of Goods Manufactured$],[$For the Year Ended December $31],[,,,],[$Direct materials:$],[$Beginning raw materials inventory,$52,800,,],[$Add: Purchases of raw materials,$183,000,,],[$Raw materials available,$235,800,,],[$Less: Ending raw materials inventory$],[$Raw materials used in production,$235,800,,],[$Less: Indirect materials included in overhead$],[$Direct labor,,$235,800,],[$Manufacturing overhead applied to videos in process$],[,,,],[$Total manufacturing costs added to production,,,$235,800],[$Total manufacturing costs to account for,,,$235,800],[$Add: Beginning videos in process$],[$Cost of goods manufactured,,,$235,800]]$